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It should be a proportional response,” Biden told reporters Wednesday following a virtual call with leaders from the Group of 7 industrialized nations. The administration currently assesses it’s unlikely Israel would target Iran’s nuclear sites, though one senior official said Israel still hasn’t decided on where it might strike. Biden said Wednesday he does not support an Israeli attack on Iranian nuclear facilities. “The answer is no,” he responded when questioned about the prospect of Israel launching a retaliatory strike on sites related to Iran’s nuclear program. “Iran is a destabilizing, dangerous force in the Middle East, and today’s attack on Israel only further demonstrates that fact.”

Persons: Joe Biden, Israel, Biden, “, ‘, ’, Benjamin Netanyahu, ”, Netanyahu “, Kurt Campbell, ” Campbell, ” Biden, hasn’t, Netanyahu, Antony Blinken, Hashanah, Kamala Harris —, —, Harris Organizations: CNN, Israeli, Hamas, West Bank, Hezbollah, Democratic Locations: Israel, retaliating, Iran, Lebanon, “ Iran, Gaza, United States, Isfahan

☆ NYC Mayor Eric Adams faces ‘possible’ additional charges in corruption case, federal prosecutor says
▼ + stars: | 2024-10-02 | by ( Kara Scannell | ) edition.cnn.com time to read: +3 min

New York CNN —Additional charges against New York City Mayor Eric Adams are “possible” and it’s “likely” there will be additional defendants charged as part of the alleged scheme in the federal corruption case, a prosecutor said Wednesday at a court hearing. Federal prosecutor Hagan Scotten said they have evidence that Adams attempted to tamper with a witness in the investigation. The federal prosecutor revealed new information about the investigation, saying it began in the summer of 2021 before Adams became mayor. The additional defendants could be charged in a superseding indictment or in a separate case, Scotten added. Assistant US Attorney Hagen Scotten speaks in Manhattan federal court, as attorney Alex Spiro, center, and New York City Mayor Eric Adams, right, look on Wednesday.

Persons: Eric Adams, it’s, Hagan Scotten, Adams, Scotten, Alex Spiro, Hagen Scotten, Elizabeth Williams, Dale Ho, Spiro, hasn’t, Democratic Sen, Bob Menendez’s, ”, – Organizations: New, New York CNN, New York City, FBI, Democratic, City Hall Locations: New York, Manhattan, New, Israel, China, Qatar, South Korea, Uzbekistan, Turkey, Turkish, New York City

☆ Billionaire investor Ray Dalio has a solution for China, but it'll need Beijing to radically remake its own rules
▼ + stars: | 2024-10-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Ray Dalio is again promoting the idea that China urgently needs to start a "beautiful deleveraging." In a LinkedIn post on Tuesday, Dalio wrote of what he called a "beautiful deleveraging," or an aggressive, two-pronged approach to solving debt issues. Dalio wrote that Chinese leader Xi Jinping's unprecedented stimulus sparked a "big week" for economic optimism, but it won't be enough. The interest rate cuts would ideally be so drastic that they run below inflation and nominal growth rates, Dalio wrote. If Beijing doesn't start a "beautiful deleveraging," he said, it risks allowing its crisis to drag on and create an "economic and psychological malaise like Japan experienced."

Persons: Ray Dalio, Dalio, —, Xi, They'll Organizations: Service, Bridgewater Associates, Washington Locations: China, Beijing, Japan, US

A coalition of reproductive rights organizations is unleashing a $15 million advertising campaign backing abortion rights as Arizona faces a key ballot measure on the issue this fall. The ad blitz from Arizona for Abortion Access includes broadcast, streaming, radio and mail advertisements that will blanket the state through Election Day — and as early voting kicks off in the state on Oct. 9. The group has spent about $2 million on advertising in the last two months, according to the tracking firm AdImpact. The ad is Arizona for Abortion Access’ second spot on the Arizona airwaves. Abortion is legal in Arizona up to 15 weeks and then beyond that, for medical emergencies, any medical emergency,” Dahlgren said.

Persons: it’s, —, Ashley Ortiz, Vance Rogers, Doctors, ” Rogers, Ortiz, ” Ortiz, Rodgers, ”, Chris Love, Love, Cindy Dahlgren, “, ” Dahlgren Organizations: Abortion, Arizona, Center for Arizona Locations: Arizona, ” Arizona, Phoenix

The central clash in the pivotal Senate race in Montana — and the fight for control of the Senate itself — was on full display Monday night as Democratic Sen. Jon Tester and Republican Tim Sheehy faced off in a heated debate. Like other vulnerable Senate Democrats, Tester tried to make it personal — touting his bipartisan bona fides, highlighting his own connections to his red-leaning state and suggesting his opponent cannot be trusted. Montana is the party’s next top target, with Tester running for re-election in a state Trump won by 16 points in 2020. James Richmond, 50, an IT consultant and voter in Helena, pointed to those comments in explaining why he plans to support Sheehy, despite supporting Tester’s work for veterans. An AARP poll conducted in late August found Sheehy leading Tester by 6 points, 55% to 49%.

Persons: —, Democratic Sen, Jon Tester, Tim Sheehy, Sheehy, Donald Trump, Tester, “, ” Tester, who’s, ” Sheehy, Trump, Biden, Harris, heeding, Joe Biden, James Richmond, Joe Biden’s, ” Richmond, stater haven’t, Chuck Schumer, Jon Tester ”, ”, Kamala Harris, Gary Peters, Sen, Susan Collins, He’s, ” Peters, outspent Sheehy, Barack Obama, outperforming, Steve Bullock, GOP Sen, Steve Daines, Charlie Kirk, Montanans ”, Sarah Thaggard, ” Thaggard, Chuck Denowh, ” Denowh, ” Bridget Bowman, Alex Tabet Organizations: Senate, Democratic, Navy, Democratic Party, Republicans, Trump, GOP, Republican, MSNBC, Democrats, NBC News, “, National Republican, AARP, Fox News, Maine Republican, National Press Club, Gov, Native, Koosta, University of Montana, Montana Republican Locations: Montana —, Montana, West Virginia . Montana, Helena, Washington, Maine, Georgia, Missoula , Montana

☆ How to invest in the fourth quarter, according to the pros
▼ + stars: | 2024-10-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

As investors ponder how — and where — to invest in this uncertain climate, CNBC Pro asked market experts how they are positioning before the year-end. 'Capitalize on the shifting market dynamics' The fourth quarter is starting hot on the heels of central banks' rate easing cycle. "There is an interesting valuation point about U.K. equities, and given recent positive economic surprises that present potential upsides, we feel this is an attractive market." "International investors owning U.K. equities and not hedging the currency, either win on the currency strength gains or win on the equity market." Other markets Beyond the U.K., Hechler-Fayd'herbe sees potential in emerging markets such as Taiwan and South Korea.

Persons: Kevin Teng, Teng, —, Europe —, he's, Morgan Stanley, Lombard, Nannette Organizations: Equity, CSI, Treasury, Wrise Private Singapore, CNBC Pro, U.S . Federal Reserve, People's Bank of China, Nvidia, Nasdaq, EMEA, CNBC, Bank of England, International Locations: Asia, East, Europe, Hong Kong, China, U.S, Swiss, Taiwan, South Korea

☆ NFL Week 4 Monday: Lions QB Jared Goff makes history in Detroit victory over Seahawks, Titans get 1st win
▼ + stars: | 2024-10-01 | by ( Ben Morse | ) edition.cnn.com time to read: +16 min

Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Jay Biggerstaff/USA Today Sports/Reuters Fans enter Arrowhead Stadium in Kansas City, Missouri, ahead of the game between the Kansas City Chiefs and the Baltimore Ravens on September 5.

Persons: Monday’s, Jared Goff, Jameson Williams, Goff, ESPN’s Lisa Salters, Goff didn’t, hadn’t, ” Goff, “, Nic Antaya, Ra St, Brown, Dan Campbell, Williams, ” Campbell, Geno Smith, Smith, Kenneth Walker III, Aidan Hutchinson, Seattle’s, Mike Macdonald, we’re, ” Macdonald, we’ve, Will Levis, Levis, Bill Callahan, Mason Rudolph stewarding, Callahan, he’s, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Grant Halverson, Eric Murray, Trevor Lawrence, Eric Gay, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, ” Callahan, ” Levis, Rudolph, Nick Folk, Tony Pollard, Tyjae Spears, Tyler Huntley, Miami’s, Jacksonville Jaguars –, Jason Sanders Organizations: CNN, NFL, Detroit Lions, Seattle Seahawks, Seahawks, Lions, Ford, Seattle, Detroit, Titans, Miami Dolphins, Tennessee, Washington, Arizona Cardinals, Getty Images Denver Broncos, New York Jets, Broncos, AP Carolina Panthers, Cincinnati Bengals, Bengals, Panthers, Getty Images Houston Texans, Jacksonville, Texans, AP San Francisco 49ers, 49ers, New England Patriots, AP New York Giants, Dallas Cowboys, Giants, Cowboys, USA, Sports, Reuters, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cleveland Browns, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Bears, Patriots, New York Giants, AP Buffalo Bills, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, Dolphins, Miami, Miami Dolphins Seattle Seahawks Locations: Detroit, Tennessee, Glendale , Arizona, East Rutherford , New Jersey, Charlotte , North Carolina, Houston, Santa Clara , California, Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America

☆ Champions League Briefing: Arsenal’s statement win – and why so many thrashings?
▼ + stars: | 2024-10-01 | by ( Tim Spiers | ) www.nytimes.com time to read: +12 min

If you like your European midweek football this is the week for you, with 54 Champions League, Europa League and Conference League matches being crammed into three nights. The Champions League kicked things off with some of the competition’s favourites beginning to bare their teeth. It was also, incredibly, their 31st defeat from 37 Champions League group stage away games. Ilkay Gundogan, Phil Foden, Erling Haaland and a first Champions League goal for James McAtee saw City get their first win of this year’s competition. They lost a number of key players in the summer and can’t even play Champions League games at their own home, with the 15,000 capacity Stade Francis-Le Ble not up to Champions League standards (they’re hosting matches at Guingamp’s Stade du Roudourou instead).

Persons: Olivier Giroud, Germain, Luis Enrique, Mikel Arteta’s, Nuno Mendes, Joao Neves, Kai Havertz, Gianluigi Donnarumma, Leandro Trossard’s, l, e, sid e, Rob e, Lew, Rea, ’, Camara, enki, – they, night., ashe, hal f, alf of a, Brendan R, c Roy, are, tim e, eason, Francis, Le Bl, ning, Bayer, ade 0 P, 45pm E, ina Organizations: Champions League, Europa League, Conference League, League, Arsenal, Manchester City, Borussia Dortmund, Brest, Bayern Munich, Paris Saint, Emirates, sco, RIM, rit, UE, eni, Graz, Salzburg …, pla Locations: Barcelona, Emirates, Nis, goa, Zagreb, Ata, Brest, Austria, Red Bul, arta

☆ Breaking up Google's ad business could 'cripple' publishers. Analysts make the case for turning it into a public-benefit corporation instead.
▼ + stars: | 2024-10-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

The US Department of Justice and 17 state attorneys general seek to break up Google's adtech business. Arete Research analysts suggest spinning off Google's adtech as a B Corp instead. The government is hoping the judge will force Google to divest some or all of its adtech business. Related storiesA brute-force breakup or shutdown of parts of Google's sell-side business could have unintended consequences for publishers, Arete's analysts wrote. A publisher tech executive shared with Business Insider their own concerns about a potential breakup of Google's adtech business earlier this month.

Persons: —, Google's, execs, adtech, Arete, it's, Richard Kramer, Kramer Organizations: US Department of Justice, Arete Research, Service, Google, Corp . Companies, B, Google Display, Business, News Corp, Daily Mail, Network, Google Network, Corp, YouTube Locations: Google's

☆ The unexpected gender dynamic shaping the 2024 election
▼ + stars: | 2024-10-01 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +16 min

CNN —All signs suggest that the partisan divide over changing gender roles in society could widen even further in the 2024 election, adding a new source of uncertainty to a contest already on a knife’s edge. That was only the latest example of his campaign signaling its support for traditional gender roles. “The messaging on gender coming out of the campaign broadly is very much about reaffirming traditional roles for women and for men,” Cassese said. In PRRI polling this year, nearly half of Republicans agreed with two absolutist statements about gender roles. His problem is that most voters outside the core GOP coalition are generally comfortable with the changes in gender roles and family dynamics since the “Father Knows Best” era in the 1950s.

Persons: Donald Trump’s, “, ”, Trump, Republican pollster Christine Matthews, it’s, Rosetta Stone, Kamala Harris, ” Trump, Daniel Cox, Cox, Matthews, Joe Biden, Louis, Dobbs, Harris, ” Erin Cassese, Chip Somodevilla, Hulk Hogan, Dana White, JD Vance, ” Cassese, Robert P, Jones, –, Ipsos, homemaking, Tresa Undem, ” Undem, that’s, ” Kamala Harris, Josh Edelson, ” Cox, Trump’s, I’ll, Donald Trump, Undem, ” Matthews, ‘, ’ ” Harris, Biden Organizations: CNN, Republican, Survey Center, American Enterprise Institute, Suburban Housewives, America, GOP, Trump, University of Delaware, Fighting, Public Religion Research Institute, Pew Research Center, AEI, Politico, “, ”, Air Force, San Francisco International Airport, Getty, Democratic, ” “, Harvard Kennedy School Institute, Politics, White Locations: Trump, New York, Pennsylvania, St, Washington ,, “, AFP, Wisconsin, Michigan , Pennsylvania

☆ PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion
▼ + stars: | 2024-10-01 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

PepsiCo said Tuesday that it's buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Soon that will also include Siete. In August, M&M's owner Mars announced it would buy Pringles parent Kellanova in a deal valued at nearly $36 billion. This March, Campbell Soup completed its $2.7 billion acquisition of Rao's pasta sauce maker Sovos Brand.

Persons: Bare, Veronica Garza, Ramon Laguarta, Mars, Campbell Soup, Sovos Brand Organizations: PepsiCo, Foods, Pepsi, Siete, Target, Kroger, CVS, &' $ Locations: American

☆ Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
▼ + stars: | 2024-10-01 | by ( Shubhangi Goel | Charissa Cheong | ) www.businessinsider.com time to read: +11 min

Some expat Indians are moving back home to launch companies of their own. But the chaos, where even established startups are trying and failing, makes India a fair playing field for new entrants, Hassan said. Programs like Startup India, which provides founders benefits like tax exemption, easier compliance, and funding support, have made creating a company smoother. Bhide returned to India in January, leaving behind about $580,000 in total compensation at ticketing platform StubHub. Bhide said the general sentiment among local founders is shifting from "Build from India" to "Build for India."

Persons: —, Nithin Hassan, — Hassan, Hassan, he's, Binod Khadria, Khadia, That's, Ben Mathias, VCs, Mathias said, Devyani Parameshwar, It's, Rohan Bhide, Bhide, Dhruv Anand, Dhruv Anand Dhruv Anand, Anand, Ruchit Garg, Garg, Niranjan Vemulkar, Vemulkar Organizations: Service, Amazon, Microsoft, Meta, Global Research, Diaspora, Business, Vertex Ventures, Indian, Startup, Reliance, Tech, Google Locations: India, Bengaluru, Oyo, Byju's, Asia, Africa, Delhi, Gurugram, Silicon Valley, It's, Mumbai, Bangalore

☆ Photos show Jimmy Carter's inspiring life, from humble beginnings to turning 100 years old
▼ + stars: | 2024-10-01 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +2 min

However, inﬂation and interest rates were at near-record highs, and his handling of the Iran Hostage Crisis saw his popularity plunge. President Jimmy Carter at a White House briefing. Harvey Georges/APCarter claimed an increase of nearly 8 million jobs during his term and a decrease in the budget deﬁcit. However, despite his gains, Carter's leadership came under scrutiny as Americans continued to struggle with high inﬂation and unemployment rates, the White House reported. All of the hostages were eventually returned safely home, but many criticized Carter's lack of military retaliation after the incident, the failed 1980 mission, and the resulting loss of life.

Persons: Jimmy Carter, Harvey Georges, AP Carter, Carter, Cyrus Vance Organizations: United States Embassy, Jimmy Carter Presidential, American Locations: Iran, Tehran

☆ She was still in college when she started applying for the housing lottery. Now, she pays $1,600 for a 1-bedroom apartment in NYC.
▼ + stars: | 2024-10-01 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

AdvertisementMitchell won the NYC housing lottery over a year ago. Molly Stromoski for NYC Department of Housing Preservation and Development"It's damn near as easy as swiping on a dating app. Molly Stromoski for NYC Department of Housing Preservation and DevelopmentTo qualify for an apartment, each household must meet specific income requirements. Applying for the housing lottery is free, but competition is stiff: According to the HPD, on average, there are 450 applications received per rental unit. AdvertisementShe has a piece of advice for those interested in the housing lottery: Apply, apply, apply.

Persons: Ceronne Mitchell, —, Mitchell, you'll, Molly Stromoski, Long, Lacey, It's, There's, I'm Organizations: New, Service, NYC Department of Housing Preservation, Department of Housing Preservation, Housing Development Corporation, Development, World Trade Center, Facebook, New York Locations: New York City, Queens, Brooklyn, NYC, New York, Zillow

☆ Silicon Valley has a plan to save humanity: Just flip on the nuclear reactors
▼ + stars: | 2024-10-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

No, the tech that’s going to save humanity will be powered by the tech that very nearly destroyed it. The tech industry’s solution, for now, is nuclear energy, which is more stable than wind or solar and is virtually carbon-emission-free. Amazon is working on putting a data center campus right on the site of a Talen Energy nuclear power plant in Northeast Pennsylvania. And while AI doomer predictions often get brushed off as alarmist forecasts, you can’t as readily dismiss the folks who are concerned about nuclear energy. Bottom line: There’s no AI future without a serious uptick in our power supply, which makes the expansion of nuclear power practically unavoidable.

Persons: CNN Business ’, Sam Altman, Peter Thiel, Anna Erickson, ” Organizations: CNN Business, New York CNN, Nvidia, International Energy Agency, JPMorgan, Microsoft, Energy, Financial Times, Founders Fund, Georgia Tech, Big Locations: New York, Harrisburg , Pennsylvania, Northeast Pennsylvania, Idaho, Big Tech

Hurricane Helene ravaged western North Carolina over the weekend, leaving behind a trail of death and devastation. North Carolina emergency crews were racing Monday to deliver food and other essential supplies to areas hit hard by Helene. At least 40 people were dead in Buncombe County, home of the thriving mountain city of Asheville, according to law enforcement officials. Photos and videos from Asheville, home to some 95,000 people, captured harrowing scenes and showed neighborhoods rendered unrecognizable by Helene’s impact. The approximately 44 people dead in North Carolina represent a third of all fatalities from the storm.

Persons: Helene, Roy Cooper, Will Overfelt, ”, John Finley, Karol Chase, Jonathan Collier, “, Buncombe County Sheriff Quentin Miller, ” Miller, ” Helene, Melissa Sue Gerrits, NBC’s, Buncombe, ” Lillian Govus, Mark Goldthwaite, “ It’s, Joe Biden, Harris, Biden, Jessica Drye Turner, Turner Organizations: ”, NBC News, Mobile, Gatorade, Health, Buncombe County Sheriff, Homes, Biltmore, Asheville, NBC, Biden, White, Facebook Locations: North Carolina, Carolina, Buncombe County, Asheville, Charlotte, Florida , Georgia, South Carolina, Florida, Appalachia, Boone , North Carolina, Biltmore, Black, “, Florida’s Big Bend, Georgia, Carolinas, Tennessee

☆ Russia proposes record defense spending as it pursues victory in Ukraine
▼ + stars: | 2024-09-30 | by ( Story The Associated Press | ) edition.cnn.com time to read: +4 min

The government’s draft budget released Monday proposes spending just under 13.5 trillion rubles (over $145 billion) on national defense. The Ukraine war is Europe’s biggest conflict since World War II and has drained the resources of both sides, with Ukraine getting billions of dollars in help from its Western allies. Russian President Vladimir Putin is also looking at how to sustain his war effort as military spending has placed a huge strain on the Russian economy. Ukraine, too, has developed a new generation of drones for the battlefield and for long-range strikes deep inside Russia. More than 100 Ukrainian drones were shot down over Russia on Sunday, Russian officials said.

Persons: Volodymyr Zelensky, Vladimir Putin, Monday Putin, Vitalii Kim, Putin, ” Putin, ” Organizations: State Duma, Federation Council, Monday, West Locations: Russian, Moscow, Ukraine, United States, State, Russia, Ukrainian, Kyiv, Mykolaiv, “, Donetsk, Luhansk, Kherson, Zaporizhzhia, Crimea

☆ Young Chinese are looking for dupes and cheaper substitutes for everything from Hermès to travel
▼ + stars: | 2024-09-30 | by ( Huileng Tan | Matthew Loh | ) www.businessinsider.com time to read: +9 min

Chinese consumers are opting for affordable alternatives across various categories to save money. The trend, known as pingti, is driven by economic challenges and is popular among young people. Consumers are finding cheaper substitutes for luxury goods, everyday items, and even healthcare. It's now become a trend in China to save on nearly every consumer category, from luxury goods to everyday consumables to travel, with cheaper substitutes. A Bank of America survey of 1,052 adult Chinese consumers showed weakening consumer sentiment, with 30% of respondents planning to spend more — down from 45% in June.

Persons: —, It's, Bobbi Brown, Estée Lauder, MingYii Lai, it's, Lindy, Hermes Lindy, Lai, Ruth Jin, Xiaohongshu Cleo Xie, they've, She's, Xie, Jin, Yves Saint Laurent, Keith, she's Organizations: Service, Daxue Consulting, Bottega, Prada, University, Dai, PPI, Bank of America Locations: China, Xiaohongshu, Beijing, Ili, Xinjiang, Provence, France, Xishuangbanna, Laos, Myanmar, Bangkok, Thailand, Chengdu, Europe, Asia

☆ US homes are turning over at the lowest rate in 30 years
▼ + stars: | 2024-09-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

That's the lowest turnover rate the market has seen in at least three decades, the firm estimated. Elevated mortgage rates and home prices have been keeping some buyers on the sidelines. That's the lowest turnover rate for any first-eight-month period in at least 30 years, the firm said, comparing the current housing environment to the early- to mid-90s. In that era, home sales were at similar levels, though the total supply of homes was larger, which drove a higher turnover rate, the report added. Homes sales, meanwhile, could notch 4.3 million by the end of the year, a 5% boost from last year's levels, it added.

Persons: —, Elijah de la, Freddie Mac Organizations: Service, San Locations: Redfin, Los Angeles, Boston, San Francisco

☆ UK coal-burning for electricity to end as last power plant shuts down
▼ + stars: | 2024-09-30 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

CNN —Britain’s last coal-fired power plant will close on Monday, ending 142 years of coal-generated electricity in the nation that sparked the Industrial Revolution. The Ratcliffe-on-Soar station in central England is to finish its final shift at midnight, after more than half a century of turning coal into power. The UK government hailed the closure as a milestone in efforts to generate all of Britain’s energy from renewable sources by 2030. We owe generations a debt of gratitude as a country.”An aerial view of the Ratcliffe-on-Soar Power Station emitting steam on January 10, 2024 in Nottingham, England. An archive image dated to 1964 of Ratcliffe-on-Soar Power Station under construction.

Persons: CNN —, Ratcliffe, Uniper, Michael Shanks, Christopher Furlong, ”, Thomas Edison’s, Dhara Vyas, ” Vyas Organizations: CNN, Britain, Energy, Thomas Edison’s Edison, National Grid Locations: Soar, England, Sweden, Belgium, Nottingham, London, Uniper

☆ No degree? No problem. Inside Blackstone's ambitious plans to internally grow talent for its data centers and other portfolio companies
▼ + stars: | 2024-09-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

It's launched an internal Data Center Academy to find and train candidates to fill the specialized technical positions that can be tricky to hire for. QTS's talent programs have led to 100 new, trained hires, or 8% of the company's total size. Here's how Blackstone's Career Pathways program is helping the firm solve its data center talent problem. So far, the firm has placed five Data Center Academy cohorts in eleven markets. Dawon said the Data Center Academy taught him both hard and soft skills, such as public speaking and the ability to navigate a corporate environment.

Persons: Blackstone, Dawon, —, Steve Schwarzman, It's, Blackstone's, Joe Baratta, Marcus Felder, Felder, it's, Jon Gray, QTS, they've, Kimberly Hines, Alhaji Dawon, hadn't Organizations: Service, Uptime Institute, Blackstone Infrastructure Partners, Blackstone Property Partners, Data Center Academy, Manhattan, Blackstone Investing, Blackstone, Business, Department of Defense, cybersecurity, QTS Locations: QTS, cybersecurity

☆ Using options to bet on a comeback in the athleisure stocks
▼ + stars: | 2024-09-30 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Nike (NKE) and Lululemon (LULU) are two of the most well-known athleisure stocks. NKE YTD mountain Nike, year-to-date The tricky bit is that the promise of that strategic shift will not be reflected in the company's trailing results when they report this week. Buy NKE March 21 $90 call Sell Oct. 18 $95 call Why did I also include Lululemon, another athleisure laggard, in this? Unlike Nike, Lululemon is still growing, albeit slower than it had been previously. LULU YTD mountain Lululemon, Year-to-date However, Lulu is now trading about 20 times forward earnings estimates, a significantly lower multiple than Nike, trading at 26 times forward profits.

Persons: LULU, Lulu, Elliott Hill, John Donahue, Donahoe Organizations: Nike, Nike flatlined, CNBC, NBC UNIVERSAL Locations: Swiss, LULU

☆ Tesla factory boss defends knocking on workers' doors when they're off sick at home
▼ + stars: | 2024-09-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

A Tesla factory boss defended the decision to knock on workers' doors when they are off sick. AdvertisementThe boss of Tesla's German factory has defended the decision to send managers to knock on workers' doors while off sick. Thierig said turning up at employees' homes was not unusual, according to German press agency DPA, as reported by The Telegraph. Tesla factory execs have previously said the rate of sick leave was higher on Fridays. The high rates of sick leave have drawn the attention of Elon Musk.

Persons: André Thierig, Elon, —, Tesla, Handelsblatt, Thierig, Elon Musk Organizations: Service, The Telegraph, Tesla Locations: Berlin, Europe

Universal Music Group, Sony Music Entertainment and Warner Music Group sued the AI music companies Uncharted Labs and Suno this summer over software that allows users to create music from text prompts, alleging that copyrighted songs have been used without permission to train the AI. Websites like Sound Draw, Musicfy, AIVA and Boomy allow users to easily create music with AI using different inputs. AI music companies say the new ease of use allows users who might not have previously been able to easily create music to generate their own content. this is so cool.”In Denver, Speer led a course on AI music tools using Boomy for young musicians. Some of the local artists who performed at Youth on Record’s festival support integrating AI technology into music education and production.

Persons: Billie Eilish, Stevie Wonder, Nicki Minaj, ’, ”, Cassie Speer, “, ” Speer, they’re, we’ll, Musicfy, Grimes, Speer, Regi Worles, Worles, Mitchell, Boomy, Michael Merola, Michael, Genevieve Libien Organizations: BBL, Universal Music Group, Sony Music Entertainment, Warner Music Group, Labs, Universal Music, NBC, Arts Education Data, ”, Hollywood, Associated Press Locations: NBCUniversal, Boomy, U.S, Canadian, Denver, Tennessee

☆ A Hollywood producer's vandalized mansions recall a landmark case when graffiti artists won $6.75 million after their work was destroyed
▼ + stars: | 2024-09-29 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Graffiti on the mansions is similar to tags on other empty luxury properties in Los Angeles. The incidents recall a landmark case that granted street artists $6.75 million after their art was destroyed. AdvertisementSpray-painted tags similar to those on Los Angeles' iconic graffiti towers have appeared in another unlikely place in the City of Angels. The Los Angeles Times reported that the property owner has pledged to secure the mansions, clean the graffiti, and reimburse the city for any incurred costs. The artists ultimately won $6.75 million after their work was destroyed in a ruling affirmed by the US Appeals Court, The New York Times reported in 2020.

Persons: —, David McNew, John Powers Middleton, Bates, Middleton, it's, John S, Philip Morris, John P, Los Angeles Mayor Karen Bass, Andrew Lieb, Lieb, " Lieb, Mario Tama Organizations: Service, City of Angels, Hollywood, Los Angeles Times, LA Times, Philadelphia Phillies, CNBC, Phillies, Los Angeles Mayor, Business, Bel Air, NBC, Visual Artists, US, Court, The New York Times, Los Angeles Lakers, Bloomberg Locations: Los Angeles, City, Altria, Bel, NBC Los Angeles, New York, Angeles

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